and a whole lot more…

Financial technology firm $FIS has completed the sale of the
company’s majority stake in Capco to funds managed by Clayton, Dubilier &
Rice. FIS received cash proceeds of $469MM or $441 from the divestiture, net of
taxes and deal-related expenses. The transaction establishes Capco as an
independent company, while FIS retains 40% equity interest.

$FIS, a financial services technology firm, has been selected by Union Savings Bank as its technology partner and core banking provider. FIS will help the bank improve its data usage, streamline processes and expand customer offerings. The deal includes digital and payment services, commercial banking and treasury management.

$FIS announced a contract to provide recordkeeping, data
processing and operational processes for CUNA Mutual Retirement Solutions’
retirement plans. Under the multi-year agreement, CUNA Mutual Retirement
Solutions will leverage the capabilities of the FIS OMNI platform as part of a
major program initiative called PlanOnTarget.

Financial technology firm $FIS has completed the sale of the
company’s majority stake in Capco to funds managed by Clayton, Dubilier &
Rice. FIS received cash proceeds of $469MM or $441 from the divestiture, net of
taxes and deal-related expenses. The transaction establishes Capco as an
independent company, while FIS retains 40% equity interest.

$CATM appointed Marc Terry as managing director of all commercial activities in Europe, the Middle East, Africa and Australia. Terry will join $CATM in September from $FIS, where he served as group managing director, EMEA.

$FIS announced cash tender offers for the debt securities, more than $3.6Bil in aggregate of Notes were validly tendered and not validly withdrawn on or prior to July 10, 2017. The company also said it is increasing certain of the Tender Caps. The terms and conditions of the Offers remain unchanged (including the $2Bil Maximum Tender Amount).

$FIS and $CATM announced plans to integrate $FIS Cardless Cash access across $CATM's ATM fleet in the United States. $FIS Cardless Cash, which leverages the $FIS Mobile Banking app, enables banking customers to withdraw funds from ATMs without having to use a plastic card.

With regards to the three recently announced offerings of senior notes, $FIS said net proceeds, along with borrowings under its revolving credit facility, will be used to pay for $2Bil aggregate principal amount of certain outstanding senior notes pursuant to cash tender offers. Any net proceeds left will be used for general corporate purposes.

Financial services technology provider $FIS has announced
an offering of senior notes denominated in euro and pounds sterling in one or
more tranches, with intermediate maturities. The company will use the net
proceeds from the offering, together with borrowings, primarily to pay for up
to $2Bil of certain outstanding senior notes.

$FIS agreed to sell about 60% equity interest in Capco to Clayton, Dubilier & Rice. $FIS expects the consulting business to contribute $0.11-0.12 to 2H17 adjusted EPS and anticipates cash proceeds, net of taxes and deal-related expenses, of about $445MM.

$FIS agreed to sell about 60% equity interest in Capco to Clayton, Dubilier & Rice (CD&R), establishing Capco as an independent company. $FIS will receive net cash proceeds of $477MM and will retain about 40% equity interest in the business. The transaction is expected to close by early 3Q17.

$FIS reiterates its FY17 guidance. GAAP revenue growth is expected to be about 1-2% and organic revenue growth is expected to be about 2-3%. The company expected 9-13% rise in adjusted EPS to $4.15-4.30, from $3.82 per share in 2016.

During 1Q17, $FIS's Integrated Financial Solutions reported 1.4% rise in its revenues to $1.13Bil, with 1.5% rise in its organic revenue. Revenues of Global Financial Solution rose 2.9% to $1.02Bil, with 3% rise in its organic revenue.

For 1Q17, $FIS expects adjusted EPS to be $0.81-0.83. With regards to the 2017 outlook, CFO James Woodall said, "Similar to last year, we have a conservative view on the overall macro conditions and have not assumed any improvements in conditions in the markets we serve."

$FIS, which sold its public sector and education businesses in 4Q16, said that this transaction closed on Feb. 1, 2017. Based on the timing of the close, this transaction created a $0.13 adjusted EPS headwind for 2017, net of interest expense savings. This divestiture produced approx. $500MM of net cash proceeds, which was used to pay down debt.

For FY17, $FIS expects its consolidated revenue growth to be about 1-2% and consolidated organic revenue growth to be 2-3%. The company expects its FY17 adjusted EPS to be approx. $4.15-4.30, up by 9-13%, compared to $3.82 per share in FY16.